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20121118
20121118
Search Results 0 to 12 of about 13 (some duplicates have been removed)
something that's trending on the web right now. it's this white house photo showing president obama and olympic gymnast mikala maroney looking not impressed. the president was having a little fun with maroney who had that same face when she finished the vault. that look went viral. i'll be back and show you how the twinkie is iconic in mexico. that's right, mexico. stay with cnn. "your money" starts right now. >>> this is the economic storm of our own making and it's threatening any chance of a sustained recovery. i'm ali velshi. this is "your money" and i'm going to show you the damage america could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy
% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax would go from 15% to 20% and dividend taxes would go from 50% to the income tax rate. as i showed you, 39.6%. president obama argues this will hurt people with savings and dividend stocks, but the overall investment gains are enjoyed by the wealthy. this, again, would target that rich group that president obama is
an important role. you know the obama vision was one where they thought better suited the country. and there is no question on social issues. whether it is women's health care, immigration, gay rights. there are a set of issues particularly for younger voters so, people vote very, very carefully. the economy was a dominant issue. i think that is why ultimately some people chose the president to continue the journey we are on. now quickly in terms of democracy, you know we don't know this for sure, but we could be seeing very different elections. that of that in 2010, 14, maybe 18 will be quite a bit different. the comments i made two years ago were predicated on what we thought would happen in a presidential year. the latino turnout was surging. president winning more of the latino votes but even winning the cuban votes. you saw young votes exceeding the turnout from four years ago surprising most analysts. you saw african american turnout. you saw the excitement of the first african american president was four years ago. you saw a real determination there to support the president
about human rights violations is for the president, president obama to engage burmese leaders directly. and the final stop on the president's itinerary has been cambodian that's where he'll attend a summit with the association of southeast asian nations and while he's there, just like in burma, white house officials say the president will bring up cambodia's less than impressive record on human rights when he sees their prime minister. back to you in new york. >> clayton: much was made of course of china and asia during the run up to the general election. and president obama speaking extensively about it, and the president speaking about it. is the economy going to be a focus, and international trade regions with in nation and an important trip the president scheduled right after the election. >> that's obviously going to be a big focus for sure at that southeast asian nation summit. once he gets to cambodia and look at a picture right now of the scene where the press conference is going to be. we're told that the way they do the press conferences there, they like to have an mc who cal
is enough jobs. we are focused on a grand bargain, which is another way of saying austerity. president obama got it right when he said that companies are awash with cash. what they are missing is enough customers out there to prompt demand and justify them spending more on plants and equipment. businesses need customers. they do not create jobs. austerity is the opposite of income creating sales. it reduces income. tax increases reduce income. spending cuts reduce income. both, i would argue, are the wrong medicine for the economy today. we have seen the effects of austerity. we do not want to follow, these countries over the cliff and gratuitously -- we do not want to follow these countries over the cliff gratuitously. [applause] thank you. >> i want to talk to brad. take the next. >> i have a couple of things to say. our $2 trillion figure is not a recommendation. it is actually a response to the fact that everyone thinks that $4 trillion is what is needed to achieve -- a debt stabilization gold, stabilizing debt to gdp, to keep that from rising faster than the economy, which ultimately is
to support any nominee right now. >> senator mccain with a slightly softer tone on ambassador susan rice this morning. but the senator is not backing off of the overall criticism of the obama administration on foreign policy. and the response to events in libya leading up to the deadly attack in benghazi. let's bring in bill schneider, political analyst and distinguished fellow and third way and the "chicago sun-times" washington bureau chief, lynn sweet. bill, we'll start with you, you heard senator mccain, if hillary clinton leads the state department do you think that susan rice has a better chance at the job, especially after we heard on friday from senators conrad and feinstein, saying that rice was really only saying what she was told she could say from the c.i.a.? >> that's right. she appears to have followed talking points from the c.i.a., which were wrong. the talking points said that what happened in libya, that terrible tragedy was a spontaneous protest, hked by extremists. the problem was the information was incorrect. it was actually a premeditated terrorist attack. as the c
on the minds of liberals in washington right now. i should say there is one fear -- that president barack obama will give republicans more than they need to accomplish the elusive grand bargain over taxing and spending. your comment. guest: i liked the idea that i only have one thing in my head. that seems like a beautiful states. the president i saw seemed quite clear on the fact that he says he is not going to -- he is going to follow through on what he said in the campaign, which is to make sure the tax cuts for the rich do not get extended. second is that jobs need to be part of the deal. austerity has not worked. cuts have not worked in europe and they will not work here. what he said in public is that he is not going to balance the budget on the backs of the middle-class and the poor. we need to take him at his word. at the same time, we know there are folks in washington who are looking at this as a chance to make cuts to programs they have been gunning for for decades. they see this as a chance to make cuts to social security and medicare. those things were debated in this election. the
us from going over the so-called fiscal cliff. president obama is dealing with all this in the midst of his trip to asia. >> -- would tolerate missiles raining down on its citizens from outside its borders. we're fully supportive of israel's right to defend itself from missiles landing on people's homes and workplaces and potentially killing civilians. >> we begin this hour with a developing story out of the middle east. let's go to stephanie gosk live in tel aviv. we were just hearing from ayman. it's pretty quiet in his location. what are you seeing there? what about the cease fire and the possibility of that? >> reporter: well, richard, it's been quiet here for a number of hours. there were sirens here earlier this evening. it's the second time today we heard rocket sirens in the city. the second time, the same situation that happened this morning, where they used the iron dome missile defense system and shot down those rockets. that defense system has been incredibly successful for the israelis over the course of the last five days. you know, people on both sides of this conflict
to be willing to let the tax cuts skpiefrmt is that the right strategy here? >> well, it depends where you're trying to get. i think -- i happen to agree with president obama about where he is substantively in terms of what he needs to do to get an effect ivg program as far as our long term tra jektly. i think some of his tactics, it's very hard if you're not in the room to know what to do tactically but what he says to me is different than what you said. he said i have an objective. we cannot get there with tax expenditures. >> with the tax reduxes. >> right. if it meets with the long-term fiscal trajectory, you can get ourselves in a much better place for the long term and you can significantly improve long range terms. you put all that together. what he then said is i'm willing to sit with people and compromise to find common ground. it's sort of what he says but not quite. he says beall have to work together if we're going to meet that objective. >> what do you guess? is he playing too hard ball with the republicans or is there room for compromise? >> i think he shouldn't focus at all
Search Results 0 to 12 of about 13 (some duplicates have been removed)